Magnolia Oil & Gas Co. (NYSE:MGY) Given Average Rating of "Hold" by Analysts

Shares of Magnolia Oil & Gas Co. (NYSE:MGY - Get Free Report) have earned a consensus recommendation of "Hold" from the seven research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $25.71.

Several brokerages recently issued reports on MGY. The Goldman Sachs Group increased their price target on Magnolia Oil & Gas from $24.50 to $28.00 and gave the company a "buy" rating in a report on Tuesday, March 26th. Mizuho upped their price objective on shares of Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, March 14th. Citigroup cut shares of Magnolia Oil & Gas from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $24.00 to $18.00 in a research report on Monday, December 11th. Truist Financial upped their price objective on shares of Magnolia Oil & Gas from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Finally, Bank of America started coverage on shares of Magnolia Oil & Gas in a research report on Tuesday, February 27th. They issued a "buy" rating and a $25.00 price objective for the company.

Hedge Funds Weigh In On Magnolia Oil & Gas

Several large investors have recently modified their holdings of MGY. Mather Group LLC. bought a new position in shares of Magnolia Oil & Gas during the first quarter worth about $27,000. Private Wealth Management Group LLC acquired a new position in Magnolia Oil & Gas in the fourth quarter valued at approximately $33,000. VisionPoint Advisory Group LLC boosted its stake in Magnolia Oil & Gas by 112.3% in the third quarter. VisionPoint Advisory Group LLC now owns 1,537 shares of the company's stock valued at $35,000 after acquiring an additional 813 shares during the period. State of Wyoming boosted its stake in Magnolia Oil & Gas by 38.8% in the second quarter. State of Wyoming now owns 2,552 shares of the company's stock valued at $53,000 after acquiring an additional 713 shares during the period. Finally, KBC Group NV acquired a new position in Magnolia Oil & Gas in the fourth quarter valued at approximately $57,000. Institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Stock Up 0.1 %

NYSE MGY traded up $0.03 during trading hours on Tuesday, hitting $26.65. The company had a trading volume of 1,834,645 shares, compared to its average volume of 3,347,175. Magnolia Oil & Gas has a fifty-two week low of $18.72 and a fifty-two week high of $27.20. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 1.72 and a beta of 2.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.88 and a quick ratio of 1.88. The firm's 50 day moving average is $23.22 and its 200 day moving average is $22.19.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.04). Magnolia Oil & Gas had a net margin of 31.65% and a return on equity of 21.21%. The company had revenue of $322.63 million during the quarter, compared to analyst estimates of $324.95 million. Sell-side analysts anticipate that Magnolia Oil & Gas will post 2 earnings per share for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.13 per share. This is a boost from Magnolia Oil & Gas's previous quarterly dividend of $0.12. The ex-dividend date was Thursday, February 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.95%. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 25.37%.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.